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Mamata Banerjee Counters BJP’s ‘Industrial Graveyard’ Report, Pitches Bengal as MSME-Led Hub

MSME gains alongside new trader support form her answer to opposition debt charges.

Overview

  • The Bengal BJP released a report alleging industrial decline and projecting state debt at about ₹7.71 lakh crore, while questioning the implementation of Bengal Global Business Summit proposals.
  • Banerjee rejected near-₹7 lakh crore debt claims, cited compliance with FRBM norms, and said pending central dues of ₹1.97 lakh crore constrain finances.
  • She highlighted state indicators including exports above ₹1.15 lakh crore, more than 2.5 lakh registered companies, and over 93 lakh MSME units.
  • New measures announced for traders and small businesses include trade and export facilitation centres in Kolkata and Siliguri, a West Bengal Traders’ Welfare Board, a single-window interface with district chambers, and a state trade portal offering bill discounting access via 72 banks.
  • At business conclaves, she argued that harassment by central agencies and shortfalls in GST transfers deter investment, even as prominent industrialists attended and lauded the state’s investment outreach.